Gulf International Bank UK Ltd raised its stake in PPL Corp (NYSE:PPL) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 246,764 shares of the utilities provider’s stock after acquiring an additional 19,400 shares during the period. Gulf International Bank UK Ltd’s holdings in PPL were worth $7,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PPL. IFM Investors Pty Ltd increased its holdings in PPL by 46.6% in the second quarter. IFM Investors Pty Ltd now owns 30,610 shares of the utilities provider’s stock valued at $874,000 after purchasing an additional 9,724 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in PPL by 36.4% in the second quarter. State of Alaska Department of Revenue now owns 138,462 shares of the utilities provider’s stock valued at $3,952,000 after purchasing an additional 36,940 shares during the last quarter. Raymond James Trust N.A. increased its holdings in PPL by 5.4% in the second quarter. Raymond James Trust N.A. now owns 60,702 shares of the utilities provider’s stock valued at $1,733,000 after purchasing an additional 3,083 shares during the last quarter. FormulaFolio Investments LLC increased its holdings in PPL by 40.5% in the second quarter. FormulaFolio Investments LLC now owns 11,180 shares of the utilities provider’s stock valued at $319,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in PPL by 4.1% in the second quarter. Bank of Montreal Can now owns 2,510,736 shares of the utilities provider’s stock valued at $71,681,000 after purchasing an additional 99,005 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

NYSE:PPL opened at $31.69 on Friday. PPL Corp has a 1 year low of $25.30 and a 1 year high of $37.34. The company has a quick ratio of 0.51, a current ratio of 0.58 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $22.33 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 2.63 and a beta of 0.40.

PPL (NYSE:PPL) last posted its earnings results on Thursday, November 1st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. PPL had a return on equity of 15.23% and a net margin of 19.17%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that PPL Corp will post 2.35 earnings per share for the current year.

PPL has been the subject of a number of recent analyst reports. TheStreet upgraded PPL from a “c+” rating to a “b-” rating in a report on Tuesday, August 28th. Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, September 12th. Morgan Stanley upped their price objective on PPL from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Monday, July 16th. Deutsche Bank downgraded PPL from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Wells Fargo & Co upped their price objective on PPL from $32.00 to $33.00 and gave the company a “market perform” rating in a report on Monday, September 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $34.18.

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PPL Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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